The Tanzanian route will get some funding help from France's Total , which owns a stake in the Uganda reserves, but it still hasn't secured the financing it needs. Further north, Kenya's explorers are under pressure to improve the project's viability by finding more resources. "The Kenyan pipeline seemed economically viable when Ugandan oil was going to flow through it," said Jacques Nel, an economist at NKC African Economics. With separate lines each carrying less oil than planned and global prices remaining weak, the economics "will continue to cast a shadow over the development of the sector," he said. While Africa produces more than 8.4 million barrels of crude daily from major exporters ...
No comments:
Post a Comment